debt
confidence high
sentiment neutral
materiality 0.50
STRYVE FOODS, INC.: debt financing — Stryve Foods issues $0.4M unsecured promissory note to fund working capital
STRYVE FOODS, INC.
- Principal $400K, 10% original issue discount, 1% monthly interest, matures Dec 28, 2026.
- Proceeds for inventory growth, working capital, and general operations.
- Note is unsecured and subordinate to existing senior credit and bridge notes.
- Monthly interest payments start Mar 28, 2025; principal+interest amortization begins Jul 28, 2025.